$IRENB /USDT – SHORT SIGNAL 🔴
Current Price: $19.22
Trade Plan:
* Direction: SHORT 📉
* Entry Zone: $19.40 – $19.80
* Stop Loss (SL): $20.35
Take Profits:
* TP1: $18.80
* TP2: $18.30
* TP3: $17.70
Trade here $IRENB
Analysis:
* Strong bearish pressure with a 9.25% daily decline.
* Price trading near the 24h low of $19.21.
* Weak buying momentum visible in the provided chart.
* 7-day performance around -10.80%.
* Breakdown below support could trigger another downward move.
Confirmation:
* 1H candle closes below $19.20.
* Increased selling volume confirms bearish momentum.
* Retest of $19.20–$19.40 fails.
Risk-to-Reward (approx.):
| Target | Potential R:R |
| ------ | ------------- |
| TP1 | 0.63:1 |
| TP2 | 1.16:1 |
| TP3 | 1.79:1 |
Note: Wait for confirmation; shorting directly at support carries bounce risk. The setup is invalidated above $20.35. These are indicative levels, not guaranteed outcomes.
#IRENB #IREN #SHORTSignal #BinanceTrading #CryptoSignals
Current Price: $19.22
Trade Plan:
* Direction: SHORT 📉
* Entry Zone: $19.40 – $19.80
* Stop Loss (SL): $20.35
Take Profits:
* TP1: $18.80
* TP2: $18.30
* TP3: $17.70
Trade here $IRENB
Analysis:
* Strong bearish pressure with a 9.25% daily decline.
* Price trading near the 24h low of $19.21.
* Weak buying momentum visible in the provided chart.
* 7-day performance around -10.80%.
* Breakdown below support could trigger another downward move.
Confirmation:
* 1H candle closes below $19.20.
* Increased selling volume confirms bearish momentum.
* Retest of $19.20–$19.40 fails.
Risk-to-Reward (approx.):
| Target | Potential R:R |
| ------ | ------------- |
| TP1 | 0.63:1 |
| TP2 | 1.16:1 |
| TP3 | 1.79:1 |
Note: Wait for confirmation; shorting directly at support carries bounce risk. The setup is invalidated above $20.35. These are indicative levels, not guaranteed outcomes.
#IRENB #IREN #SHORTSignal #BinanceTrading #CryptoSignals
